N.Y. TAX Law § 1439-KKK*2

* § 1439-kkk. Deposit and disposition of revenue. 1. All taxes,\npenalties and interest imposed by the town under the authority of\nsection fourteen hundred thirty-nine-bbb of this article, which are\ncollected by the treasurer or the treasurer's agents, shall be deposited\nin a single trust fund for the town and shall be kept in trust and\nseparate and apart from all other monies in possession of the treasurer.\nMoneys in such fund shall be deposited and secured in the manner\nprovided by section ten of the general municipal law. Pending\nexpenditure from such fund, moneys therein may be invested in the manner\nprovided in section eleven of the general municipal law. Any interest\nearned or capital gain realized on the moneys so deposited or invested\nshall accrue to and become part of such fund.\n 2. The treasurer shall retain such amount as the treasurer may\ndetermine to be necessary for refunds with respect to the tax imposed by\nthe town, under the authority of section fourteen hundred\nthirty-nine-bbb of this article, out of which the treasurer shall pay\nany refunds of such taxes to those taxpayers entitled to a refund\npursuant to the provisions of this article.\n 3. The treasurer, after reserving such refunds, shall on or before the\ntwelfth day of each month pay to the town supervisor the taxes,\npenalties and interest imposed by the town under the authority of\nsection fourteen hundred thirty-nine-bbb of this article, collected by\nthe treasurer, pursuant to this article during the next preceding\ncalendar month. The amount so payable shall be certified to the town\nsupervisor by the treasurer, who shall not be held liable for any\ninaccuracy in such certification. Provided, however, any such\ncertification may be based on such information as may be available to\nthe treasurer at the time such certification must be made under this\nsection. Where the amount so paid over to the town in any such\ndistribution is more or less than the amount due to the town, the amount\nof the overpayment or underpayment shall be certified to the town\nsupervisor by the treasurer, who shall not be held liable for any\ninaccuracy in such certification. The amount of the overpayment or\nunderpayment shall be so certified to the town supervisor as soon after\nthe discovery of the overpayment or underpayment as reasonably possible\nand subsequent payments and distributions by the treasurer to the town\nshall be adjusted by subtracting the amount of any such overpayment from\nor by adding the amount of any such underpayment to such number of\nsubsequent payments and distributions as the treasurer and town\nsupervisor shall consider reasonable in view of the overpayment or\nunderpayment and all other facts and circumstances.\n 4. All monies received from the treasurer shall be deposited in the\nfund of the town, pursuant to section sixty-four-l of the town law.\n * NB Repealed December 31, 2045\n * NB There are 2 § 1439-kkk's\n